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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (29558)2/16/2008 2:02:29 PM
From: Maurice Winn  Respond to of 217752
 
Following the paper trails should be a lot of fun.

As companies go broke and there's nobody to wade through the filing cabinets to get the signed pieces of paper out, there are bound to be lots of gaps which people try to fill in with a general letter stating there's an agreement without the actual agreement.

It's all going to take a long time to untangle the paper trails and present them to courts to prove debts and recover those debts.

It's surely better to renegotiate a lot of debts and avoid the walk-away effect which is rampant.

You should have lots of business to do during the bust.

Mqurice



To: Ilaine who wrote (29558)2/16/2008 8:05:15 PM
From: TobagoJack  Read Replies (3) | Respond to of 217752
 
hello cb ilaine, what do you see regarding Message 24319076 relative to finance.yahoo.com

i am thinking of balancing out my so far winning bet finance.yahoo.com (stance: ultrashort financials via long the ETF and short the Puts) by successively shorting the puts options on wager that is finance.yahoo.com (positioning to accumulate position to harvest (engage with, accumulate, loot) along side Berkshire Hathaway) and altruistically, along with warren, save spendthrift america from its bankrupting ways

as consumer credit wobbles and as credit dries up and as the treasury checks arrive in mailboxes across the empire's land, driving its shoppers to walmart, i may need to close out my trade against the middle kingdom as well via finance.yahoo.com (ultra short china via long the etf and short the puts)

real estate loans in china to developers by american chinese looters from los angeles are being dribbled out at 18% per annum with triple security coverage by deeds in hand etc, biblically punishing the property speculators on this side of the pond

even as official interest is low still

that is the extent of my macro thinking now, keeping it simple and straight

you see, i am an equal opportunity looter (oops, i meant investor)



To: Ilaine who wrote (29558)2/25/2008 7:13:59 PM
From: Snowshoe  Read Replies (3) | Respond to of 217752
 
>>in some cases, they can't come up with valid proof that these mortgages were assigned<<

What happens if they can't come up with valid proof? IS the homeowner off the hook? Who ends up owning the house?

BTW, you might find this interesting...

Bankruptcy Boot Camp: Basic training in bogus mortgage fees
Sunday, Feb 24, 2008 - 09:40 AM Updated: 09:58 AM

People across the country are losing their homes in the mortgage meltdown. A leading attorney based in Western North Carolina says its often due to hidden and illegal fees on their mortgages. That's why he holds a Bankruptcy Boot Camp to teach other attorneys how to spot bogus fees. He shows you how you can spot them on your own mortgage, too, in this Seven On Your Side Consumer Watch.

Message 24342303